Financial Accounting
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Please help with the following financial accounting problem. Provide at least 100 words in the solution. Include a reference.
What type of information does financial accounting provide?
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Solution Summary
The solution goes into a great amount of detail in order to answer the question. The solution is very well written and easy to understand. One reference has been provided towards the end of the solution. The reference is an internet web page. Overall, an excellent response to the question being asked. Concepts discussed include financial statements, provision of information and regulatory requirements. The explanation is given in 182 words.
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Problem: What type of information does financial accounting provide?
Solution:
Financial accountancy (or financial accounting) is the field of accountancy concerned with the preparation of financial statements for decision makers, such as stockholders, suppliers, banks, employees, government agencies, owners, and other stakeholders. The fundamental need for financial ...
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